Thursday, November 11, 2010

This quote probably sums up well our foreign creditors attitude toward our plans to create money out of thin air and use it to buy our own debt

"Though it is likely for the current loose monetary policy to postpone the occurrence of difficulties, yet in the long run, it will be proven to be a practice resembling drinking poison to quench [your] thirst." Chinese rating agency Dagong Global, discussing Bernanke's QE2 plans. http://chum.ly/n/43da0d

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